Dividend investing allows retirees to receive passive income without being forced to sell off their share assets.

“one of the big benefits is come here comes from just collecting that passive income just getting those dividends and so in retirement you know you you don't necessarily have to sell out of your shares and liquidate all of those assets that you just spent the last you know decade or couple of decades”

A well-balanced dividend portfolio should contain a mix of both faster-growing companies and stable companies with higher yields.

“I think in a well- balanced portfolio, you'll inevitably have both. You'll have some of those faster growing companies, you'll have some more of those stalwarts as well.”

Dividend growth stocks are preferable to high-yield stocks because they generally offer lower risk, more sustainable balance sheets, and better long-term performance.

“I tend to focus more on dividend growth because one I have a lot longer for that dividend to compound over itself but two it's also tends to be usually solid Blue Chip type companies that like you mentioned Nolan with PG like they're going nowhere”

A well-balanced dividend portfolio should include both higher-yielding assets and those with strong dividend growth to ensure sustainable income and purchasing power.

“I think if you're building a well- balanced portfolio, you'll have, and this is at least how I approach it in my portfolio, you'll have some some higher yielding assets that that have a higher starting yield, maybe are not as growthy, but then you'll have some other stocks that can offer more divide”